Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Santa Rosa To Bank Locally With Three CUs
SANTA ROSA, Calif. (9/26/13)--The Santa Rosa (Calif.) City Council this week decided to provide three local credit unions with up to $250,000 apiece to try to keep that money circulating in the local economy.
 
The three credit unions chosen were Santa Rosa-based Redwood CU, Community First CU and Sonoma County Grange CU. Two local banks also were chosen (pressdemocrat.com Sept. 24).
 
The financial institutions were selected because they met criteria to ensure the public funds would be liquid, safe and ensure a fair return, the newspaper said.
 
The real value in investing the money locally is accrued from its multiplier effect in the local economy--which the credit unions and banks should make available for business and consumer loans, Arvin Look, city financial planner for Santa Rosa, told the publication.
 
Removing barriers, fostering service excellence and raising awareness about the value credit unions provide their members and communities are the foundation for the Credit Union National Association's, state credit union leagues' and credit unions' Unite For Good campaign toward a vision in which Americans choose credit unions as their best financial provider.
RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
1 Day ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
4 minutes ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
2 hours ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
3 hours ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
4 hours ago